ReSale Property Spain

Spanish proprety owners from UK are facing massive losses following signs that the bottom has fallen out of the property market in Spain. During 2008 vast swathes of the Spanish costa have been developed in a construction boom that has made the nation one of the fastest growing economies in Europe.

Real estate brokerage firms have truly been decimated by the collapse in the construction and real estate buying sectors. Only 25,000 real estate companies have survived the crisis of the 80,000 that were registered in the summer of 2006 when the construction boom was in full swing, amounting to a [...]